Preview versions empower partnerships, limited liability companies and corporations to take control of their year-end tax planning to maximize business deductions.

Cedar Rapids, IA - October 23, 2013 – TaxACT®, the value leader in tax preparation and filing solutions, has expanded its suite of do-it-yourself tax preparation products for small business owners with online solutions and additional State Editions. TaxACT has offered download software for small businesses since tax year 2003 and has now extended its product line to better meet the needs of today's small business owners.

Preview Versions of TaxACT Federal 1065, 1120 and 1120S Editions, launched in early October, cover the latest tax law changes so business owners can calculate their 2013 business and personal (1040) taxes, identify strategies for reducing their taxes before year's end and make better informed business decisions for 2014.

For tax year 2013, TaxACT Business products are now available as web applications, allowing busy and often traveling small business owners to sign into their TaxACT Online 2013 accounts anytime, anywhere on a computer or tablet browser. TaxACT Online products are always risk-free to try, as users don't have to pay until they preview tax forms, call for help, print or e-file.

Programs will be updated with final IRS forms in early January, including Form 1120-H for Homeowners Associations in 1120 Edition, after which users can finish and file their returns. TaxACT will also release new State Editions in January so that 1065, 1120 and 1120S each support 32 states, with e-filing for most.

Q&A guidance, integration and quick entry for faster tax preparation

As business owners answer easy-to-understand interview questions, TaxACT personalizes the question sequence to streamline the interview and completes the necessary tax forms. Information is saved along the way so users can finish their returns as their schedules allow, and bookmarks can be personalized for one-click navigation back to selected questions.

Time-saving, error-reducing tools include:

Import of last year's TaxACT business return data, including asset and depreciation schedules, owner K-1s and rental properties.

Automatic allocation of partner or shareholder income and deductions in TaxACT 1065 and 1120S. Once complete, Schedule K-1 data can be quickly imported into TaxACT Deluxe 1040.

The new Accounting Records Import debuting in January's updated program. Import a trial balance report in comma separated values (CSV) format from QuickBooks® or other accounting software, and TaxACT will transfer the information to the appropriate lines of the tax return.

Storage of digital copies of tax documents with the TaxACT return. Images can be uploaded from a local drive or TaxACT DocVault™, a secure mobile app for creating and saving encrypted copies of tax forms, receipts, and documents.

Personalized help is available every step of the way in the Answer Center, on TaxACT's website and via email or phone.

Maximize deductions

Whatever the industry, TaxACT's interview helps business owners maximize the number and amount of deductions, from vehicles and utilities to office expenses and startup deductions for new businesses. As users answer questions about business income and expenses, TaxACT provides guidance to help users discover all deductible expenses incurred during the year.

TaxACT is the critically acclaimed leader of affordable digital and download tax preparation solutions for consumers, business owners and tax professionals. In the 2005 tax season, TaxACT became the first to offer free federal tax software and e-file to all U.S. taxpayers. Since 2000, TaxACT Online has assisted with more than 38 million e-filed federal returns. TaxACT is a business of Blucora, Inc. (NASDAQ: BCOR). Learn more about TaxACT at www.taxact.com and www.taxact.com/press.